Chartered Certified Accountant
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| Company type | British qualified accountants |
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| Industry | Accountancy and Finance |
| Founded | [England, UK] (1904) |
| Headquarters | London, [England, UK] |
| Subsidiaries | The Association of Authorised Public Accountants (AAPA) |
| Website | www.accaglobal.com |
| Part of a series on |
| Accounting |
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Chartered Certified Accountant (designatory letters ACCA or FCCA) was historically seen as a British qualified accountant designation awarded by the Association of Chartered Certified Accountants (ACCA). However, although ACCA is UK based, it is a global body for professional accountants with 170,000 qualified members and 436,000 students globally. Support offices/centres exist in 91 countries.[1]
The term Chartered Certified Accountant was introduced in 1996. Prior to that date, ACCA members were known as Certified Accountant. It is still permissible for an ACCA member to use this term. Members of ACCA with post-qualification experience of more than five years and have completed the required continued professional development are designated Fellows, and use the designatory letters FCCA in place of ACCA.
The term Chartered refers to the Royal Charter granted by Her Majesty Queen Elizabeth II of the United Kingdom.
Chartered Certified Accountants work in all fields of business and finance. Some are engaged in public practice work, others work in the private sector and some are employed by government bodies.
Since Chartered Certified Accountant is a legally protected term, individuals who describe themselves as such must be members of ACCA. If they carry out public practice engagements, they must comply with additional regulations such as holding a practising certificate, being insured against any possible liability claims and submitting to inspections.
Syllabus
The current syllabus is made up of 14 examinations, although some exemptions are available. The papers are split into two levels:
- The fundamental level: 9 examinations consisting of
- F1 - Accountant in Business
- F2 - Management Accounting
- F3 - Financial Accounting
- F4 - Corporate and Business Law
- F5 - Performance Management
- F6 - Taxation
- F7 - Financial Reporting
- F8 - Audit and Assurance
- F9 - Financial Management
- The Professional level - 5 examinations:
- three compulsory papers:
- P1 - Governance, Risk & Ethics
- P2 - Corporate Reporting
- P3 - Business Analysis
- four optional papers, of which two must be selected:
- P4 - Advanced Financial Management
- P5 - Advanced Performance Management
- P6 - Advanced Taxation
- P7 - Advanced Audit and Assurance
- three compulsory papers:
See also
- Association of Chartered Certified Accountants
- Association of Authorised Public Accountants (Subsidiary of ACCA)
- Certified Accounting Technician (CAT - junior qualification of ACCA)
- British qualified accountants